simple interest
posted by lou .
if i deposit 3,500 dollars at and intrest rate of 71/2% per year for 5 years what would my interest amount be?

I = PRT
I = 3,500 * 0.075 * 5
I = ?
Respond to this Question
Similar Questions

computer science
When $1000 is deposit at 5% simple interest, the amount grows by $50 each year. When money is invested at 5% compound interest, then the amount at the end of each year is 1.05 times the amount at the beginning of the year. Write a … 
Alg2
Help....Help... Suppose you deposit a principal amount of p dollars in a bank account that pays compound interest. If the annual interest rate r (expressed as a decimal) and the bank makes interest payments n times every year, the … 
Alg 2
Suppose you deposit a principal amount of p dollars in a bank account that pays compound interest. If the annual interest rate r (expressed as a decimal) and the bank makes interest payments n times every year, the amount of money … 
math
abbi invested 1,500 dollars in a certificate of deposit with a simple interest rate of 4 percent. find the interest earned in 6 years. then find the total of principal plus interest 
Algebra
Find the total amount if you deposit $500 at a rate of 5% for two years using simple interest. For year one For year two I started with $500. for year one and $525. for year two and added the interest and ended up with 551.25  and … 
Algebra
Maybe that was to confusing...we have a data sheet to fill out  2 questions with simple interest and 2 with compound interest. I just need the simple interest help: Prob. #1 Find the total amount if you deposit $500. at a rate of … 
math
Problem #1: Find the total amount if you deposit $500 at a rate of 5% for two years using simple interest. Year 1 Year 2 Problem #2: Find the total amount if you deposit $300 at a rate of 6% for three years using simple interest. Year … 
Help meee
Answer from spreadsheet Answer from hand calculation Problem #1: Find the total amount if you deposit $500 at a rate of 5% for two years using simple interest. Year 1 Year 2 Problem #2: Find the total amount if you deposit $300 at … 
Math
Using the formula. I =Prt ,calculate the simple interest where t=1/n and n is the number of periodd per year for compounding. You have $20,000 and wished to invest it in one of two ways. Option A: You may invest it in a certificate … 
Math
Please Help!!!! I do not understand and if someone could help that would be great! Thanks !! Problem #1: Find the total amount if you deposit $500 at a rate of 5% for two years using simple interest. Year 1 Year 2 Problem #2: Find …